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Non-Tech : Chrysler - Best of the Big 3
C 100.810.0%Nov 7 9:30 AM EST
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To: Philip H. Lee who wrote ()3/14/1997 5:52:00 PM
From: men mailman   of 63
 
ssaw following post on aol

i fully disagree on a potential downslide to CHRYSLER shares. It puzzles me why you would say this and IMHO chrysler shares ARE THE BEST PICK for 1997 in value, long-term objective etc. SHOW ME A BETTER PICK! EVERY FUND SHOULD NOT ONLY OWN THESE SHARES BUT LOAD UP ON THEM AT THESE PRICES!!

1) nice divedend 6%
2) TRADING AT A 6x eps (you have a handful of these).
3) steady earnings for the past 5 years (and even if a slowdown comes to the $5.5 they are still going to be above $3-4 at the worst, but then the rest of the market will pale in comparison. In all probability the eps will increase very nicely)
4) 7b dollars in cash ($12 per share
5) $21 book value
6) company buyback of shares
7) a company that has not participated in the run up of its price as the rest of the market has done. trading at a 6x multiple. If you look closely shares tend to catch up to this and chrysler can see 40-50 soon (ibm, intel, microsoft all caught up abd are trading at a much much higher multiple
8) no downside at 30
9) a buyout or merger candidate with all the above value
10) manageable debt, (13b with7b in cash to pay it).

I feel that this stock is a BARGAIN at these prices as well as many of the money managers and analysts that i spoke to. sooner or late their true value would be realized. NO ONE CAN EXPLAIN THE CURRENT PRICE ($30 the same as 1994 before the dow runup, and before several good years of raking in $5 a share per year).

CHRYSLER IS A STEAL at 30 or 31 or 32 or 34 or 37.
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